Overall, it was a good step.BTW; from the few tidbits I stitched together, a short sale has some certain procedures an investor should follow if looking to be successful.

Procedures and timelines vary by state.

I am working on a procedure manual and I like to add them So far this is the list I have:#-Day Notice to Pay or Quit (when a tenant does not pay rent in a timely manner)#-Day Pay for Charges Notice (for Charges notice to collect charges for all other funds such as late fees, utility payments due, or any other monies due from the tenant)#-Day Notice Breach of Covenant (Breach of Covenant agreement when a tenant violates their rental agreement and refuses to correct the violation)#-Day to Vacate to Tenant (to Vacate to a tenant requesting they completely vacate the property by the end of the #-Day period)I am trying to understand the days and what do I need to send to them.Thank you so much in advance.

If this is wholesale deal I don't know if it is proper procedure for you or your end buyer to run title, but someone should.

Appreciates their systems, procedures, tools, and level of separation they provide from their tenants.

Use what others have said as a base and massage it to where you're comfortable to pull the trigger.

Standard procedure is to negotiate a contract, with an appraisal clause that says you can cancel if the appraisal is lower than the contract price.  

This may sound too good to be true, but she is motivated to move, and the current mortgage procedures and qualifications are preventing her from selling to the general public.

Speak with a lawyer to understand what is important in terms of policies and procedures vs. just the entity choice.

The robosigners weren't signing notes, they were signing affidavits (that are also supposed to be notarized, so the bank employees who were the notaries didn't follow proper procedures either) that stated "the facts" of the matter that was going to foreclosure.